In some late archived interviews a few traders talk about Fibo Extensions. This consists of a Fibonacci Matrix drawn from the high of a trend to the low point of the trend or timeframe on your charts. Once drawn, along with the standard 38.2, 50, 61.8. a 127.1 and 161.8 can be established outside the trading range and represent price target projections. I have found these to be extremely accurate. Many stocks at their trending high’s after a small low volume pullback break through the recent high level before pausing at these two extension. Any input or thoughts would make for great conversation. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Fibo of the X axis is another aspect that I find interesting. After a trending move say a triangle formation that took 20 days to form, the stock seems to make its next move to the 127.1 and 161.8 within that same timeframe, in the example 20 days.